The US banks continue to play an important role in the global economy, despite the increased weight and importance of banks of other countries in the last years, such as Chinese banks.
In this work, we are going to present the rank of the 52 largest banks in USA by total assets, which still remains today, one of the most widely used indicators for comparing banks with each other. Let’s now see the 52 largest banks in the USA by assets in 2019.
In the top of the ranking of the largest banks in the US by assets is JP Morgan Chase with 2.7 trillion USD in assets. It is also the largest bank in terms of deposits. In the second place is Bank of America with 2.4 trillion USD in assets, followed by Citigroup with about 2 trillion USD in assets. Wells Fargo & Co is fourth and Goldman Sachs is fifth.
In the last three places of the ranking of the largest Us banks by assets there are Mizuho Americas with 47 billion USD, East West Bancorp with 43 billion USD and First Horizon National Corp. with 42 billion USD.
Rank | Name | Assets |
1 | JP Morgan Chase & Co | 2727 |
2 | Bank of America | 2396 |
3 | Citigroup | 1988 |
4 | Wells Fargo & Co | 1923 |
5 | Goldman Sachs | 945 |
6 | Morgan Stanley | 892 |
7 | U.S. Bancorp | 482 |
8 | PNC Financial Services Group | 406 |
9 | Toronto-Dominion Group US Holding | 388 |
10 | Bank of New York Mellon Corp. | 381 |
11 | Capital One Financial Corp. | 374 |
12 | HSBC Holdings North America | 297 |
13 | Charles Schwab Corp. | 276 |
14 | State Street Corp. | 242 |
15 | BB&T Corp. | 231 |
16 | Suntrust Banks | 222 |
17 | American Express Company | 198 |
18 | Ally Financial | 181 |
19 | Mitsubishi UFJ Financial Group | 172 |
20 | Fifth Third Bancorp | 169 |
21 | United Services Automobile Assoc. | 168 |
22 | Citizens Financial Group | 163 |
23 | BMO Financial Corp. | 160 |
24 | Barclays US LLC | 154 |
25 | KeyCorp | 145 |
26 | Santander Holdings USA | 144 |
27 | UBS Americas Holding | 136 |
28 | BNP Paribas USA | 130 |
29 | Credit Suisse Holdings USA | 129 |
30 | Regions Financial Corp. | 128 |
31 | Northern Trust Corp. | 127 |
32 | RBC USA Holdco Corp. | 126 |
33 | M&T Bank Corp. | 122 |
34 | Deutsche Bank USA Corp. | 120 |
35 | Discover Financial Services | 111 |
36 | Huntington Bancshares | 108 |
37 | Synchrony Financial | 107 |
38 | First Republic Bank | 106 |
39 | BBVA Compass Bancshares | 92 |
40 | Comerica Inc. | 73 |
41 | Zions Bancorp | 70 |
42 | SVB Financial Group | 64 |
43 | E*TRADE Financial Corp. | 62 |
44 | New York Community Bancorp | 53 |
45 | People’s United Financial | 52 |
46 | Popular Inc. | 51 |
47 | CIT Group | 51 |
48 | Signature Bank, NY | 49 |
49 | Synovus Financial Corp. | 47 |
50 | Mizuho Americas | 47 |
51 | East West Bancorp | 43 |
52 | First Horizon National Corp. | 42 |
The data used in this work have been collected from the main financial sites. For all of the banks, the total assets refer to the 2019 balance sheet and are expressed in billions of USD.